Japan Shrimp Market

Market Overview:

The Japan shrimp market size reached US$ 4.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2032, exhibiting a growth rate (CAGR) of 2.7% during 2024-2032. The associated benefits of consuming shrimp, increasing adoption of modern technologies to improve production efficiency, and rising government initiatives to support ethically sourced produce represent some of the key factors driving the market.

Shrimp is decapod crustaceans classified under the infraorder Caridea, characterized by compressed body structure from side to side, long antennae and legs, thin and semitransparent exoskeleton, lamellar gills, and fan-like tail found in both freshwater and saltwater environments. It contains antioxidants like astaxanthin, which could aid in reducing inflammation and oxidative stress in the body. It is a rich source of essential nutrients, particularly calcium and protein, and consequently combined with different ingredients in the preparation of soup, stew, and other dishes. It is low in calories and contains minimal saturated fat, making it suitable for weight management and heart health. It provides high-quality protein, essential for tissue repair and muscle maintenance. It also offers omega-3 fatty acids, which are crucial for brain function and may help reduce the risk of cardiovascular diseases. It delivers essential minerals, such as selenium, zinc, and iodine, supporting immune function, metabolism, and thyroid health. As it is used to prepare various dishes, such as shrimp kebabs, shrimp creole, and shrimp gumbo, to pan-fried, deep-fried, and stir-fried shrimp preparations, the demand for shrimp is rising in Japan. 

Japan Shrimp Market Trends:

At present, the increasing demand for shrimp due to its contribution to a balanced and nutritious diet represents one of the key factors supporting the growth of the market in Japan. Moreover, traditional Japanese dishes, such as sushi and sashimi, often incorporate shrimp as a key ingredient, making it a staple culinary culture in the country. Besides this, the growing awareness about the health benefits associated with consuming seafood, including shrimp, is positively influencing the market in Japan. In line with this, shrimp is a low-calorie, high-protein source, and rich in essential nutrients, such as omega-3 fatty acids and minerals, making it an appealing choice for health-conscious consumers. In addition, the aquaculture industry in Japan is witnessing significant advancements and innovations. Shrimp farmers are adopting modern technologies to improve production efficiency, leading to higher yields and consistent product quality. Apart from this, the strategic geographical location and well-developed trade infrastructure in Japan are facilitating the import and export of shrimp products. Additionally, consumer preferences for sustainable and responsibly sourced seafood are driving the demand for certified organic and environmentally-friendly shrimp products in the country. Japanese consumers are increasingly seeking assurance that the shrimp they consume is sourced through ethical and sustainable practices. Furthermore, governing agencies in Japan are taking initiatives to promote domestic aquaculture and fisheries. They are implementing supportive policies, offering incentives, and investing in research and development (R&D) activities to strengthen the shrimp industry and ensure its long-term sustainability.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Japan shrimp market report, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on species, shrimp size, and distribution channel.

Species Insights:

• Penaeus Vannamei
• Penaeus Monodon
• Macrobrachium Rosenbergii
• Others 
   

The report has provided a detailed breakup and analysis of the market based on the species. This includes penaeus vannamei, penaeus monodon, macrobrachium rosenbergii, and others.

Shrimp Size Insights:

• <21 
• 21-25
• 26-30  
• 31-40
• 41-50
• 51-60
• 61-70
• >70
   

A detailed breakup and analysis of the market based on the shrimp size has also been provided in the report. This includes <21, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70, and >70.

Distribution Channel Insights:

• Hypermarkets and Supermarkets
• Convenience Stores
• Hotels and Restaurants
• Online Sales
• Others
   

A detailed breakup and analysis of the market based on the distribution channel has also been provided in the report. This includes hypermarkets and supermarkets, convenience stores, hotels and restaurants, online sales, and others.

Regional Insights:

• Kanto Region
• Kinki Region
• Central/ Chubu Region
• Kyushu-Okinawa Region
• Tohoku Region
• Chugoku Region
• Hokkaido Region
• Shikoku Region
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Kanto region, Kinki region, Central/ Chubu region, Kyushu-Okinawa region, Tohoku region, Chugoku region, Hokkaido region, and Shikoku region.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the Japan shrimp market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Report Coverage:

Key Questions Answered in This Report:

• How has the Japan shrimp market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Japan shrimp market?
• What is the breakup of the Japan shrimp market on the basis of species?
• What is the breakup of the Japan shrimp market on the basis of shrimp size?
• What is the breakup of the Japan shrimp market on the basis of distributin channel?
• What are the various stages in the value chain of the Japan shrimp market?
• What are the key driving factors and challenges in the Japan shrimp market?
• What is the structure of the Japan shrimp market and who are the key players?
• What is the degree of competition in the Japan shrimp market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Japan shrimp market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the Japan shrimp market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Japan shrimp industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.